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Solana holds the US$75 range and breaks through its target of US$81 to start a new round of gains

2026-08-17 12:25:29
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Solana (SOL) is still in a wide range of shocks, with bulls holding on to key support, and bears repeatedly suppressing upward momentum.

The market is waiting for a clear breakthrough or break signal to confirm the direction of the next stage. At present, buyers and sellers seem to be in a deadlock, and the short-term trend is not yet clear.

Price structure and bullish reversal prospects

SOL is currently quoted at US$75.31, with 24-hour trading volume reaching US$588.8 million, and a total market value of approximately US$43.88 billion. Analysts pointed out that the price pattern has remained stable over the past 24 hours, and if momentum shifts, the current structure may signal a bullish reversal.

Cryptocurrency analyst The Boss observed that the token has fluctuated within a wide range for several weeks after experiencing previous sharp declines. Although the support below continues to be effective, many attempts to break through the resistance level have been unsuccessful.

Market observers emphasized that if the price effectively breaks through US$81, a bullish trend may be established and is expected to push SOL to higher resistance levels such as US$113, US$138, US$184, US$206 or even US$276. Conversely, if bears push prices below key support, a new round of selling could begin, weakening any attempt to rebound.

The current sideways consolidation reflects weak momentum and market participants are waiting for a stronger signal. The next major move is likely to determine Solana's short-term prospects-either strengthening bullish sentiment or reigniting downward pressure.

DeFi growth and Solana's leadership in tokenized assets

The latest data from Token Terminal shows that Solana has become the dominant blockchain for stock token allocation in DeFi wallets, accounting for 64.5% of the market. This ratio puts it far ahead of its immediate competitors, reflecting its growing importance in the field of tokenized traditional assets.

Market share of DeFi stock tokens by blockchain: Solana 64.5%, Ethereum 13.5%, BNB Chain 12.5%, Robinhood Chain 7.0%, Base 2.4%. Solana's leadership in this area highlights its growing influence in the decentralized finance sector, especially in the tokenization of traditional assets on the chain.

Solana is a high-performance blockchain platform known for its fast transactions and low fees. Its importance in the DeFi space continues to grow as the adoption rate of developers and institutions seeking efficient tokenization solutions increases.

Small Dictionary: Token Terminal, an analytics platform that tracks on-chain data and performance indicators of major blockchain networks, helping investors evaluate market dynamics and project growth.

Technical prospects and market factors

Despite optimistic price forecasts and expanding online activity, SOL's price behavior remains neutral for now. This trend partly reflects broader market sentiment-Bitcoin's recent decline has put additional pressure on altcoins.

Market participants will pay close attention to whether buyers can break through resistance and build sustained upward momentum. A failure to break through may open the door for sellers to regain control of the situation; a decisive upward breakthrough may open a new round of rising prices.

Price movements in the next few days will determine whether Solana can escape the current range and confirm the trend, with the market focus on the US$81 resistance level and the underlying support area.

Disclaimer:

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